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20121124
20121124
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't get gro growth if you raise taxif rates. california and several other states, the top rate is approaching 50% effectively. fie they have as much incentive to fire somebody to lower costs is to hire somebody to increase revenues. lou: so we have a contemporaneous experiment going on.t it is a high-risk experiment, but nonetheless an experiment.ra in california, bringing tax levels above 50% in the nation getting ready to move higher.oio are we going to see california behave as the canary in the colh wind, if you will, when it comes to economic growth and theabili ability to support an ever-growing government? >> of go course, people are jusg fleeing california. t california is a microcosm of what happens to countries that raise their tax rates. entrepreneurs flee and welfarela recipients pour in, and you have an unsustainable state of affairs. that is california. silin unsustainable. meanwhile, they are destroying silicon valley. it is america's greatest asset., the source of all our technology and it is our potential for everth, and we are circling it over with a cast of g
raise tax rates. and, california and several to the states, the top rate is approaching 50%, effectively with a 50% top rate. and, business has as much incentive to fire somebody, to lower costs, as to hire somebody to increase revenues. >> lou: we have a contemporaneous pareexperiment g on, in california bringing tax levels above 50%, the nation, right now, getting ready to move higher are we going to see california behave that's cas th in the coal mine, if you will when it comes to economic growth and the ability to support an ever-growing government. >> yes, people are fleeing california. california is a microcosm of what happens to countries that raise their tax rates. entrepreneurs flee and welfare recipients pour in and you get an unsustainable state of affairs, and that is california. unsustainable and meanwhile they are destroying silicon valley, which has been america's greatest asset. a source of all of our technology and our military power and potential for growth and we are sickling it over with a cast of green goo and everybody is angling for green subsidies and that is a tr
. california and other states the top rate is approaching 50% of business has as much incentive to fire somebody to get a lower cost than to hire somebody to create revenue. hik experi extemporaneous experimentment, california bringing tax levels will we see california aztek merionthe a the coal mine when it comes3 to economic growth in the an ability to support thefleein ever-growing government? >> it is a microcosm what happens to countries that raise their tax rates and entrepreneurs we and welfared recipients come in and there is the unsustainable state of affairs. need while they destroy silicon valley with ultimately our potential. angling foer that everybody is singling for green subsidies and it is a tragedy. >> and the money that hasby this been spent as venture money like solyndra has beendisastrou. disastrous. >> they are a stultifying to dea turn people into a than him uppt blubbering idiot t. >> he now wants us to support him rather than support the country. lou: he is being adaptive to the new reality is. i want to turn to the bookto the israel test. a ss a capitalist and
. >> that is correct. the pre-verse thing is you don't get growth if you raise tax rates. in california d several other states that top rate is approaching 50% effectively with a 50% top rate, a business have as much incentive to fire somebody to lower-cost as to hire somebody to increase revenues. lou: it is a high risk experiment, but nonetheless experint bringing tax levels above 50%, the nation right now getting ready to move higher. are we going to see california behave as the canary in the coal mine, if you will, when it comes to economic growth and the ability to support an ever-growing government? >> of course. people are just fleeing california. california is what happens to countries that raise their tax rates. entrepreneurs flea and welfare recipients flee in and you have an unsustainable state of affairs, and that is california, unsustainable. and silicon valley is america's greatest asset, the source of all of our technology and ultimately our military power and potential for growth and we are settling into over the pale, everybody in silicon view is angling for green subsidies and it is a
Search Results 0 to 3 of about 4